Here is a look at some of the best secrets you can use to achieve a financially free life.

Credit Card Debt Elimination Secrets Tips And Facts

Secret #1 - Start by Validating the Debts

One of the credit card debt eliminating secrets to keep in mind is to start by validating your debts. You may not realize it, but collection agencies have to validate each account with a debt validation letter if you request it. If they cannot validate the card account, they cannot legally collect from you.

This is something that they will not tell you, but you can use this when dealing with collectors to ensure that they really do hold old card accounts that you owe and to make sure it is your bank card account.

There have been debt collection companies that have tried to scam people out of money saying that they owed money. Don't fall for this. Make sure they validate all card accounts before you pay anything.

Secret #2 - Find Out About the Statute of Limitations

Another thing to consider if you're looking for ways to pay off bad card accounts is to find out about the statute of limitations. Did you know that there is a debt statute of limitation? Many people do not know this.

Usually this can be 3-6 years, but check in your state or the state where you owe the debts to see what the statute of limitations is there. If that time period is over, then they cannot legally sue you for those past accounts.

Secret #3 - Stop Using A Credit Card

It's important that you stop using those credit cards if you want to get out of financial trouble. This is one of the most important credit card debt elimination secrets to remember. You can use the best programs or even try debt elimination software, but if you don't stop charging on your cards, it will be next to impossible to get out of financial trouble. Put away the plastic and only use it in an emergency if you absolutely have to.

Secret #4 - Don't Just Pay the Minimum

Don't just pay the minimum amount on your bills if you want to eliminate that credit card bill. It's one of the many credit card debt elimination secrets that can really help you to pay off your cards.

If you just pay the minimum, you'll be paying for 10, 20, or even 30 years on those bills. No doubt you want to eliminate bills much faster. Start paying more and you'll see your debts shrink much faster.

You probably have some extra funds that could be used on your bills but you may not be realizing where you are actually spending your money.

Start tracking your spending for a couple weeks. See where your money is really going. You may quickly find out where you are dumping a lot of extra money. Tighten up your budget a bit and you'll be able to afford putting more money on your debts, which is one of the best ways to pay off debts fast.